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preforeclosure sale

A procedure in which a lender allows a mortgagor to avoid foreclosure by selling the property for less than outstanding balance of the loan.

Related information about preforeclosure sale:
  1. Preforeclosure Sale Frequently Asked Questions - HUD
    The Preforeclosure Sale (PFS) Program allows the Borrower in default to sell his/ her home and use the Net Sale Proceeds to satisfy the mortgage debt even ...
     
  2. Preforeclosure Sales Program - HUD
    PREFORECLOSURE SALES PROGRAM. The Preforeclosure Sale Program allows a Mortgagor in default to sell his or her home and use the sales proceeds to ...
     
  3. PREFORECLOSURE SALES PROGRAM - HUD
    Jun 22, 2011 ... The Preforeclosure Sale Program allows a Borrower in default to sell his or her home and use the sales proceeds to satisfy the mortgage debt, ...
     
  4. What is preforeclosure sale? definition and meaning
    Definition of preforeclosure sale: A procedure in which a lender allows a mortgagor to avoid foreclosure by selling the property for less than outstanding balance ...
     
  5. U.S. Department of Housing and Urban Development - HUD OIG
    Sep 18, 2012 ... FHA's Preforeclosure Sale Program allows borrowers in default (resulting ... this audit, we focused on the 16,976 preforeclosure sale claims ...
     
  6. Short Payoffs and Make-whole Preforeclosure Sales - Freddie Mac
    Preforeclosure Sale……………………………………………...……….20. ▫ How to Execute Short ... short payoff or make-whole preforeclosure sale. ▫ Be able to ...
     
  7. FHA Pre-Foreclosure Sale Quick Reference Guide - Agent Resource ...
    Discuss FHA Preforeclosure Sale. Program (“short ... The Federal Housing Administration (FHA) Preforeclosure Sale Program (“short sale”) is different from the ...
     
  8. Preforeclosure Sale - Louisville Short Sale Expert: Helping You ...
    Oct 16, 2011 ... HUD/FHA Short Sale: Homeowner Wants to Stay Current, HUD Says “NO! You Must Default!” By David Halpern, Louisville Short Sale Expert, ...